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MarketFX

USD/CNH Went Down By Over 1% In The Last 10 Sessions

ViaNews Editorial Team

February 12, 2024

USD/CNH Went Down By Over 1% In The Last 10 Sessions

(VIANEWS) - USD/CNH (USDCNH) has been up by 1.56% for the last 10 sessions. At 15:10 EST on Monday, 12 February, USD/CNH (USDCNH) is $7.22.

USD/CNH's yearly highs and lows, it's 0.049% up from its 52-week low and 0.137% down from its 52-week high.

News about

  • According to FXStreet on Monday, 12 February, "The latter should act as a key pivotal point, which if broken decisively could drag the USD/JPY pair to the 147.00 mark en route to the 146.35 region and the monthly swing low, around the 145.90 zone.", "This further contributes to the USD/JPY pair's subdued range-bound price action during the Asian session on Monday. "
  • Usd/jpy signal: continues to look bullish overall - 12 February 2024. According to DailyForex on Monday, 12 February, "Overall, the outlook for the USD/JPY pair remains positive, with continued upward momentum expected in the near term.", "Support levels for the USD/JPY pair are identified at 147.50, 147.33, and reinforced by the 50-day Exponential Moving Average (EMA). "
  • Usd/jpy analysis: yen selling pressure renewed - 12 February 2024. According to DailyForex on Monday, 12 February, "In the near term, and according to the performance on the hourly chart, it appears that the USD/JPY pair is trading within an upward channel. ", "The price of the USD/JPY pair has now advanced to trade at a few levels above the 100-hour moving average line. "
  • Usd/jpy: Japanese yen to strengthen over the year – scotiabank. According to FXStreet on Monday, 12 February, "Yield differentials, and therefore the cost of carrying long JPY positions, remain onerous but a short, sharp move lower in USD/JPY is feasible as compressing spreads prompt bearish JPY positions to reduce cover."

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ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.